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A-2015-178 <br />RECORDING REQUESTED U6 NCV IQ P114cMed'in Official Records, Orange County <br />AND WHEN RECORDED MAIL TO: Hugh Nguyen, Clerk -Recorder <br />CITY OF SANTAI� �� l 111 11 llll 11 111 11 111 llll l l i l 11 N0 FEE <br />City of Santa Ana CLE(. K JF COUN ' R 0 0 0 8 9 2 1 3 3 9$* <br />20 Civic Center Plaza 2016000543400 2:13 PM 11/02116 <br />Santa Ana, California 92702 37 414 Al2 25 <br />Attention: City Clerk 0.00 0.00 0.00 0.00 72.00 0.00 0.00 0.00 <br />To be recorded without fee. (Space Above This Line For Recorder's Use Only) <br />(Government Code, §§ 6103 and 27383) <br />INCLUSIONARY HOUSING AGREEMENT <br />THIS INCLUSIONARY HOUSING AGREEMENT is dated as of / <br />September 29, 2016, by and between the CITY OF Santa Ana, a charter <br />city and California municipal corporation, and KB Home Coastal, Inc a California <br />limited liability company ("Developer"). <br />V4111 r_1I&I <br />A. The City's Inclusionary Housing Ordinance ("Ordinance") became effective <br />on November 28, 2011. <br />B. The City's Ordinance is being reviewed and updated by the City Council. <br />Developer will be able to choose to comply with the Ordinance as it <br />currently reads, or can choose to comply with the Ordinance as revised. If <br />the in -lieu fee described herein is revised due to changes in the <br />Ordinance, this Agreement and any relevant exhibits can be revised <br />without the requirement of subsequent City Council approval. <br />C. The Developer is the fee owner of the Property located at 520 S. Harbor <br />Boulevard, Santa Ana, California. <br />D. The Developer desires to, at the Developer's sole cost and expense, <br />develop a thirty-five (35) unit Project on the Property. <br />E. On August 4, 2015, the City Council approved Ordinance/Resolution <br />Number 2015-21, which sets forth the City Approvals for the Project. <br />Inclusionary Housing Agreement Page 1 <br />City of Santa Ana February 17, 2015 <br />1603\14\1654522.2 <br />